by Efforts are underway in Switzerland to accelerate the development of sustainable aviation fuel. The aviation industry is a top greenhouse gas emitter. (Keystone) The Lufthansa Group has entered a partnership with the Swiss solar fuel developer Synhelion. The Swiss start-up is working to produce a fuel that emits 50% less CO2 by 2022 and plans to market a 100% renewable fuel in 2030. “We really have something here that demonstrates in a solid way that there is an interest in what we are doing,” Synhelion CEO Gianluca Ambrosetti told Swiss public television RTS.external link Lufthansa group is one of the world’s largest airline groups. Synhelion is developing a technology that uses solar tower systems with high-temperature thermochemical processes for the
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swiss Info, Business, Featured, newsletter
This could be interesting, too:
Michael Njoku writes Totalitarianism Begins With A Denial of Economics
Nachrichten Ticker - www.finanzen.ch writes US-Wahl treibt Bitcoin über 90’000 US-Dollar – wie Anleger vom neuen Krypto-Hype profitieren können
Jim Fedako writes Subjectivity and Demonstrated Preference: A Possible Paradox
Connor O'Keeffe writes The Context Behind Donald Trump’s “Takeover” of the American Right
Efforts are underway in Switzerland to accelerate the development of sustainable aviation fuel. The aviation industry is a top greenhouse gas emitter. (Keystone)
The Lufthansa Group has entered a partnership with the Swiss solar fuel developer Synhelion. The Swiss start-up is working to produce a fuel that emits 50% less CO2 by 2022 and plans to market a 100% renewable fuel in 2030.
“We really have something here that demonstrates in a solid way that there is an interest in what we are doing,” Synhelion CEO Gianluca Ambrosetti told Swiss public television RTS.external link
Lufthansa group is one of the world’s largest airline groups.
Synhelion is developing a technology that uses solar tower systems with high-temperature thermochemical processes for the production of solar fuels. The solar fuel technology is compatible with the current global fuel infrastructure and could be produced on an industrial scale by 2030.
In parallel, to accelerate its arrival on the market, Synhelion is developing a jet fuel based on solar reforming of methane, with 50% lower carbon emission compared to kerosene.
“The first commercial installation in 2024 will be a 25,000 square meter solar park, which will be able to produce 5,000 tons of fuel per year,” reveals Philipp Good, head of research at Synhelion.
Lufthansa units Swiss International Air Lines and Edelweiss Air will work with the federal technology institute ETH Zurich, Sinhelion and another Swiss spin-off, Climeworks, to accelerate development of sustainable aviation fuel, MSNexternal link reports.
The Civil Aviation Organization wants to achieve a 2% annual fuel efficiency improvement through 2050 and achieve carbon neutral growth starting from 2020.
The Covid-19 pandemic has battered the airline industry with flights grounded for months across the world. The Swiss aviation sector including SWISS and Edelweiss have turned to the government for financial support.
You Might Also Like
SWISS publishes flight timetable for June
After grounding most of its fleet because of Covid-19, Swiss International Air Lines will partially restart its flight operations in June and plans to operate up to 190 flights from Zurich and Geneva to 41 European destinations. The return to the skies would follow in stages, and the range of flights available will gradually be increased over the coming weeks, SWISS said on Thursday, announcing its timetable for June.
‘Clean and safe’ image could boost Swiss tourism
Switzerland Tourism has welcomed next month’s re-opening of borders with France, Germany and Austria. It believes the country’s reputation for cleanliness and tidiness could be a selling point once the Covid-19 pandemic dies down.
Price watchdog criticises cost of becoming Swiss
Naturalisation fees vary among Switzerland’s 26 cantons. This has caught the eye of the federal price watchdog, who doubts that the fees fall within the legal framework. The law on Swiss citizenship stipulates that “the fees may not amount to more than is required to cover costs”. But for price watchdog Stefan Meierhans this is “more than questionable”, as he writes in his newsletter on Thursday.
Swiss finance minister concerned about Covid-19 debt crisis in Europe
Ueli Maurer has warned that the financial crisis following Covid-19 and the resulting instability in Europe are a danger for Switzerland. In an interview with public broadcaster RTS on Tuesday, he said that he is concerned about the repercussions on Switzerland of a possible debt crisis in certain countries, especially Italy.
Clean gold: How Switzerland could set new supply chain standards
Switzerland is the undisputed top dog of the global gold industry, refining a majority of the world’s gold, as well as being the leading exporter. But how seriously does the country take its responsibility to ensure sustainable mining and the protection of human rights?
Green light for ‘democratic piloting’ of Geneva Airport
Voters in Geneva have backed a local initiative calling for controlled development of the airport. According to initial results, 55.81% of voters said “yes” on Sunday to the constitutional initiative calling for the “democratic piloting of Geneva Airport”.
Swiss venture capital funding breaks CHF2 billion barrier
Swiss start-ups and young companies attracted nearly CHF2.3 billion ($2.4 billion) from deep-pocketed investors last year. The figure is nearly double the CHF1.2 billion collected in 2018 and sets a new record. New ventures in the ICT and fintech sectors received the largest slice of funding (CHF1.2 billion), but financial support for early stage biotech firms also received a significant boost (CHF625 million), according to the annual report from online news portal startupticker.ch and the investor association SECAexternal link.
Julius Bär to cut 300 jobs after 2019 profit drop
Swiss wealth manager Julius Bär will cut 300 jobs this year, its chief executive said on Monday, as it looks to boost profitability after a double-digit percentage earnings fall in 2019. The private bank wants to boost profitability with a new three-year strategy to deal with continued margin pressures, Philipp Rickenbacher said.
Tags: Business,Featured,newsletter